ELM.L vs. EQX
ELM.L (Elementis plc) and EQX (Equinox Gold Corp.) are both stocks. Both are in the Basic Materials sector — ELM.L in Specialty Chemicals, EQX in Gold. Over the past 5 years, ELM.L returned 0.21%/yr vs 5.84%/yr for EQX. At a 0.08 correlation, their price movements are largely independent.
Performance
ELM.L vs. EQX - Performance Comparison
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Different Trading Currencies
ELM.L is traded in GBp, while EQX is traded in USD. To make them comparable, the EQX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ELM.L achieves a -6.55% return, which is significantly higher than EQX's -19.62% return.
ELM.L
- 1D
- -2.18%
- 1M
- 3.66%
- YTD
- -6.55%
- 6M
- -3.89%
- 1Y
- 5.99%
- 3Y*
- 13.70%
- 5Y*
- 0.21%
- 10Y*
- -1.40%
EQX
- 1D
- -7.10%
- 1M
- -18.29%
- YTD
- -19.62%
- 6M
- -18.83%
- 1Y
- 64.10%
- 3Y*
- 29.70%
- 5Y*
- 5.84%
- 10Y*
- —
ELM.L vs. EQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ELM.L Elementis plc | -6.55% | 17.12% | 15.77% | 5.98% | -8.51% | 14.43% | -35.75% | 2.46% | -31.01% |
EQX Equinox Gold Corp. | -19.62% | 159.76% | 4.45% | 41.63% | -45.71% | -34.00% | 30.34% | 98.58% | -11.09% |
Correlation
The correlation between ELM.L and EQX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2018 | 0.08 |
Fundamentals
ELM.L:
£870.22M
EQX:
$9.26B
ELM.L:
-£0.16
EQX:
$0.89
ELM.L:
0.67
EQX:
3.37
ELM.L:
1.35
EQX:
1.51
ELM.L:
£1.34B
EQX:
$2.29B
ELM.L:
£617.85M
EQX:
$866.94M
ELM.L:
£285.84M
EQX:
$1.22B
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Return for Risk
ELM.L vs. EQX — Risk / Return Rank
ELM.L
EQX
ELM.L vs. EQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elementis plc (ELM.L) and Equinox Gold Corp. (EQX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ELM.L | EQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.21 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.61 | -1.28 |
| Martin ratioReturn relative to average drawdown | 0.71 | 4.23 | -3.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELM.L | EQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.10 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.11 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.24 | -0.19 |
Drawdowns
ELM.L vs. EQX - Drawdown Comparison
The maximum ELM.L drawdown since its inception was -93.82%, which is greater than EQX's maximum drawdown of -77.71%. Use the drawdown chart below to compare losses from any high point for ELM.L and EQX.
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Drawdown Indicators
| ELM.L | EQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.82% | -77.71% | -16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -18.22% | -40.12% | +21.90% |
Max Drawdown (3Y)Largest decline over 3 years | -30.81% | -40.12% | +9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -45.19% | -66.69% | +21.50% |
Max Drawdown (10Y)Largest decline over 10 years | -93.82% | — | — |
Current DrawdownCurrent decline from peak | -45.44% | -40.12% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -43.16% | -37.81% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 15.21% | -6.77% |
Volatility
ELM.L vs. EQX - Volatility Comparison
The current volatility for Elementis plc (ELM.L) is 6.75%, while Equinox Gold Corp. (EQX) has a volatility of 19.07%. This indicates that ELM.L experiences smaller price fluctuations and is considered to be less risky than EQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELM.L | EQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 19.07% | -12.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.11% | 45.64% | -26.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.89% | 58.64% | -33.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.89% | 54.60% | -22.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.21% | 53.19% | +4.02% |
Dividends
ELM.L vs. EQX - Dividend Comparison
ELM.L's dividend yield for the trailing twelve months is around 2.09%, more than EQX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELM.L Elementis plc | 2.09% | 1.96% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 3.63% | 3.31% | 4.23% | 3.93% | 3.98% |
EQX Equinox Gold Corp. | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ELM.L vs. EQX - Financials Comparison
This section allows you to compare key financial metrics between Elementis plc and Equinox Gold Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ELM.L vs. EQX - Profitability Comparison
ELM.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elementis plc reported a gross profit of 135.85M and revenue of 290.99M. Therefore, the gross margin over that period was 46.7%.
EQX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported a gross profit of 438.50M and revenue of 861.59M. Therefore, the gross margin over that period was 50.9%.
ELM.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elementis plc reported an operating income of 50.14M and revenue of 290.99M, resulting in an operating margin of 17.2%.
EQX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported an operating income of 390.23M and revenue of 861.59M, resulting in an operating margin of 45.3%.
ELM.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elementis plc reported a net income of 19.69M and revenue of 290.99M, resulting in a net margin of 6.8%.
EQX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported a net income of 310.11M and revenue of 861.59M, resulting in a net margin of 36.0%.
Frequently Asked Questions
ELM.L and EQX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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